Comment by shkkmo

P2E F2P and P2W are more loose buckets than categories with hard and fast distinctions.

I don't think that P2E is inherently bad. Indeed, the history of RMT in games that try to prohibit it (WoW, Eve, etc) shows that P2E is a mechanic that is hard to avoid in certain types of grindy mmo games.

What makes Axies a pyramid scheme is not the incorporation of P2E mechanics directly into the game, but that the game requires players to "buy-in" to the economy to start playing and tries to incentivize that initial purchase by promising later earning capacity.